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A little BAD NEWS for COPI. Over 5.5 Million new,,,
immediately + fully dilutive shares,traded away
for 1 penny each, and cleverly named "Preferreds" !
And, longs are cheering. But, the "Preferreds" are worse
than the toxic loans that they barely repaid,
and then some others, too.
They are all "convertible, at any time". And always were.
And, more can be approved + 'voted in' at any time, without
any outside shareholders voting, on anything, ever,
just like last time they did not vote for the "Preferreds".
Here's the proof :
*************************************************************
From the 8K filing..
Item 8.01 Other Events.
Effective as of December 31, 2007, the Corporation sold and issued shares of Serial Preferred Stock as follows:
• An aggregate 2,500,000 shares of Serial A Preferred Stock were sold to accredited investors at a purchase price of $1.00 per share, or total consideration of $2,500,000, payable in cash;
• An aggregate 1,250,000 shares of Serial B Preferred Stock were sold to a total of two affiliates with the Corporation, at a purchase price of $1.00 per share, or total consideration of $1,250,000, payable in the form of cancellation of debt of the Corporation to such persons and entities in an aggregate amount equal to such total consideration, such debt having been reflected on the Corporation’s balance sheet contained in the Corporation’s most recent Quarterly Report on Form 10-QSB for the period ended September 30, 2007 as a portion of “Current maturities of long-term debt, principally to related parties;” and
• An aggregate 1,885,709 shares of Serial C Preferred Stock were sold to a total of six persons and entities, including three affiliates of the Corporation, at a purchase price of $1.00 per share, or total consideration of $1,885,709, payable in the form of cancellation of debt of the Corporation to such persons and entities in an aggregate amount equal to such total consideration, such debt having been reflected on the Corporation’s balance sheet contained in the Corporation’s most recent Quarterly Report on Form 10-QSB for the period ended September 30, 2007 as a portion of “Current maturities of long-term debt, principally to related parties .”
Each of the shares of Series A Preferred Stock, Series B Preferred Stock and Series C Preferred Stock are CONVERTIBLE, AT ANY TIME, into 100 restricted SHARES of the common stock, par value $.001 per share (the “Common Stock”), of the Corporation (subject to adjustment). There were no underwriters or other brokers, agents or finders utilized by the Corporation, nor did the Corporation incur any underwriting discounts or commissions or similar fees, in connection with the sale of such shares of Serial Preferred Stock.
*******************************************************************
Bottom Lines : COPI gives away stock to its best insider friends,
for $0.01 each. "Convertible, at any time". So, the price of COPI
could drop to $0.01 , At Any Time. And, COPI insiders could vote
for more, even at $0.001 , At Any Time. And, no outside
shareholders could vote against it At Any Time. Because they
don't get to vote on anything, ever. It's nice being a pink CEO.
drago; You forgot to allow for the percentages that are stolen by znxt bad employees, and/or hidden by ztemporary good employees.
25,000 x $0.0001 = $2.50 [and then pay commissions]
No bids at 0.0001 mean that icbm is about to Reverse-Split.
Trading may even be suspended, due to lack of interest.
icbm can't sell any more/enough new 'shares' at 0.0001 ,
And, they need more cash. Yesterday.
1-for-10,000 would be perfect for the 'executives' ,
who need to be paid their salaries,
and, for the shorters, who prefer to short at 0.01 or higher.
And, it's more cost-effective for icbm.
Because if they only do 1-for-5000 ,
they will just have to do it again much too soon.
After all, this 'stock' lost 98+% in just the last year.
icbm needs a 1-for-10,000 Reverse-Split,
just to stay above 1 penny for the next 6 months.
That's 10x dilution, in only 3 months...
Possibly a new pink/penny record,
without even a hint of suspension of trading.
Proving that the SEC ignores pinks more than
pinks ignore SEC minimum requirements.
WitFit TeeNee continues to be 'The Perfect Short'
for the last 12 years, and still over-floating + reversing,
with a few name + symbol changes, for variety,
to re-invigorate the stream of repetitive PRs.
We thought SWVC might make it to 0.015 ,,,
but, chart rules called for lower highs + lower lows.
So, forget about 0.015 , or even 0.013
And, 0.10 may be history.
That means we must now aim for 0.007 , or lower, soon,
and/or then lower, next. Dangerously closing in on 0.005
Remember, 0.005 will trigger the next 3 toxic CD cash-outs.
It looks like some of the longs are cashing out,
before we get too far below 0.01
And, all of this is fully supported by fundamentals,
which is all that really counts, for shorters,
in the short run, to 0.005. [Plans+schedules PRs
don't count, except as advertisements for longs
to keep buying more + holding all.]
Here's our Big 5 Favorite Fundamental Facts :
1] Growing bottom-line cash losses
2] Growing floating share dilution
3] Adding more toxic CDs
4] Acquiring private 'companies' with 'hidden' toxic CDs
5] And, the super-toxic "Preferreds"
That never lose their power to dilute by 5x , overnight,
any time the only voter votes for it.
And, if he needs more of them, he can just vote for them.
Or, vote for some more toxic CDs.
It's amazing that the longs don't seem to care about the
super-toxic "Preferreds" . Or, that more can be voted-in,
anytime. They pretend that the CEO will never convert them.
If so, then why did he vote for them? And, they certainly
can't ever help the 'stock' price. But, they could cause it
to crash down 80+% overnight, any night.
Seriously, we have never seen anything more toxic than those
creative "Preferreds" . Hopefully, other pinkys + pennys
will learn to create them. We shorters love them, as
insurance policies. We call them Death Insurance.
"lossless compressed videoo" is mathematically impossible,,,
Unless it is TMMI PR voodoo, that causes lossy compression
of the unvestments of long-term TMMI buyers + holders.
By the way, real information can't be compressed
without a loss of real information.
Only vacuums, or informationless repetitions,
can ever be compressed without loss of data,
because there is no data to be lost.
TMMI's 'Fractal FairyTales' are a good example of
meaningless repetitions of PRs, by cash-lossy pumpers,
for more than 10 years. With annual pump+dump pixels,
to attract new buyers, and let a few old longs flip out.
Besides, TMMI's 'software' can only copy 1-frame screen shots.
Actually, even that 'capability' has not yet been proven.
But, that's OK, because not too many movie fans have any need
to copy or 'compress' 1-frame-long movies.
And, TMMI even admits that they can't 'improve' their
screen-shot copier. Without hiring an outside programmer.
We still can't figure out why or how TMMI could keep
pumping this same old no-tech shell, for more than 10 years.
Any old new shell would be more profitable, and,
would have none of the old TMMI baggage, which includes :
1] At least 30% fake shares,
2] That the CEO allows to keep floating, for years,
3] Causing many Brokers to not allow their clients
to buy or sell any TMMI's, or even hold them in any account.
TMMI simply makes no sense, especially for longs.
Although, it sometimes makes dollars, for shorters.
I am very bearish on TMMI for several reasons. It's old dirt, the technology is 20+ years old, and TMMI is not even working on it, and never has.
Now, they are pretending to try to hire some outside programmer to make some new screen shots of their outdated low-tech screen-shooter.
[Photo-shop is much better, and free.]
And, there is very large old long position that is caught, since they bought in, 10 years ago, at ~$2.00 , and they have been trying to do pump&dumps ever since.
It doesn't get any better than this, for shorters, only. ioo.
Also, TMMI has never sold anything, for 20 years, except newly printed shares. And, at least 30% of those shares are not even authorized, for many years, but TMMI just lets them keep floating. So, many Brokers won't trade TMMI, or even allow their clients to store them in their accounts.
Nothing but lower highs + lower lows, for the last 4 months...
SWVC is definitely headed for $0.005 , and then way down.
Because 0.005 is the trigger point for the 3 newest CDs.
And, SWVC is still not even done with the old CDs.
And, SWVC is about to 'acquire' 1 or more 'friendly'
private companies, that are already sinking in their
own swamps of old + toxic CDs.
And, what about those super-toxic "Preferreds" ,
that can dilute SWVC by 5x , any time only1 guy
votes yes, and no others get to vote, on anything, ever.
And, he can even vote for more toxic CDs for all,
and more "Preferreds" for himself, or friends, or family.
We are waiting for a pump up to 0.015 , followed by a
20% drop to 0.012 , and then we can start shorting,
and feed the dump, down to 0.006 , or less.
It should only take 2-4 weeks, before we cover,
for a quick , minimum risk, 50% profit.
And then, we wait, risklessly, out of SWVC,
for its nexter pump&dump. Probably ignited by
a string of PRs about a new 'acquisition' , and
some UnAudited 'revenues' , but no mention of
constantly growing losses, as usual.
And, the only way out, temporarily, is more toxic CDs,
and the continued dilution-to-death spiral,
with a few Reverse-Splits as 0.0001 keeps approaching.
We estimate that SWVC may survive for 18 months,
including 2 reverse splits, before the old longs
give up, and the new buyers dry up.
And, the shorters follow the old longs,
to their next best opportunity.
Don't forget. 80% of all SWVC shares + votes are ,,,
always owned by the only1 "Preferred" shareholder.
And, he [the CEO] can vote himself more,
anytime he votes for, and, maybe, yells fore.
And, no common SWVC shareholder gets to vote against,
On this decision, or proposal, or anything, ever.
And, his current 80% can't ever be diluted, because it also
floats, up, even as the SWVC outsider float increases.
Whether it be by old and/or new CD conversions,
and/or new-share printing. What a sweet 'deal'.
He could even convert just 1/4 of his "Preferreds" ,
and double the outstanding float, overnight, any night,
and still keep holding 60% of all shares + votes.
And, the next night, he could vote himself more "Preferreds",
and be right back up to 80%.
We wonder if he noticed this, or if he ever will.
[He may even find out, by reading this not-off-topic post.]
After all, he said that he + his lawyers did not notice
the toxic CDs that were 'hidden' in the originally,
not-quite-empty SWVC CD shell.
But, as the shell started opening, and filling with WiseBuys,
the old toxic CD pearl appeared, as if by magic.
[But, he forgot to tell anyone, until a common SWVC
shareholder noticed + publicly posted the fact.]
And then, he bought 3 more, brand new, toxic CD pearls.
[So far.] And, he may buy more, if he votes for. And, he
may already have, and forgot to mention it. And, there may
be more toxic CDs 'hidden' in future acquisitions, just like
the last one.
But, his creative "Preferreds" are way more Toxic, than any
CDs ever were, or could ever be. And, we just don't think
that it's just another hidden accident. And, we're not even
sure that it's totally legal. But, it sure is a nice
insurance policy, for him, and the shorters.
There are a few who think that
the "Preferreds" will never be converted.
But, they must, eventually.
Except, for 2 possibilities.
1 likely, and 1 not, as follows :
1] He gives them back to the SWVC Treasury, as a gift.
2] or, SWVC goes BK.
Which one is more likely? Hmm.
At this point, SWVC common shareholders think that they
own about $10,000,000 'worth' of SWVC 'shares' ,
and some even think that they own $250,000 'worth' .
We would suggest that the biggest outsider commoners consider
'investing' about $1,000 in a real, outside lawyer's opinion,
concerning the legality + toxicity of those "Preferreds" ,
as their own, personal, insurance policy.
Unless they plan to always totally trust the CEO, and his
accidentally, but severely + massively toxic "Preferreds" .
Or, unless they plan to sell all of their SWVC common shares,
and flip out of SWVC, before the "Preferreds" float out.
Does anyone really believe that the CEO used SWVC shareholder
cash, which is always in short supply, to have his lawyers
write up the rules for the "Preferreds", that only he owns,
but 'never plans to convert' ? Just like nobody ever tries
to sell the Brooklyn Bridge, or Florida swampland.
[Buy the way, the biggest buyer ever, of swampland in Florida,
was Walt Disney, and he can't sell it anymore. But, it could
be sold, as Disney World, for very much more.]
extra, Cheers, and GLTA
SWVC is taking 6+ months to remodel 1 store...
Usually it takes 2 months, or less. Especially when there is
an oversupply of construction guys, like now, in today's
economy, especially in a depressed region of the U.S.
Unless, the shopkeeper has to save up all the cash to pay
each contractor, before he starts, or buys any materials.
And, when all stores are losing more cash, every day,
then the shopkeeper has to get more loans,
or start selling more brand new shares.
Something is very wrong with this SWVC picture.
If SWVC does not show profits on their next finanshills,
they will have to sign-up for even more toxic CD 'loans'.
And, 'revenues' don't help, if
the more they sell, the more they lose.
And, it certainly does not help
to acquire more money-losing private companies,
with their own 'hidden' toxies.
By the way, there is no way that TS was 'surprised'
to find 'hidden' toxies in the SWVC not-quite-empty shell.
Because, the first thing he did, was to
award himself with an almost identical toxie,
where he always owns 80% of all shares + votes of SWVC,
no matter how much he ever dilutes SWVC.
Via conversions of old + new toxies,
that he blames on 'hidden' stuff, or,
via plain-old massive sub-penny new-share dilution,
that he personally 'manages' as needed.
Let's see how much profit drops to the bottom line
on SWVC's next finanshill. If it shows increasing losses,
watch out below. [Except for shorters. Who say Go.]
Looks like $1.20 + below soon...
A merger of 2 money losing companies is not good news.
Those who received TMMI's dumped shares have serious trouble coming.
There were excessively dumped shares thrown into the open market.
The SEC and FBI should take care of those over-printers.
The State of Nevada's court swiftly removed the TMMI over-printer
from the company, but left the extra shares, and the top bosses.
Longs are in trouble, they were counting on having real shares.
Now there is zero possibility of this happening. Brokers won't
even trade those fake positions in the open market.
There are way too many TMMI shares for sale.
Not too good for longs.
The SEC and FBI are onto TMMI's share printing syndicate, watch out!
TMMI illegally issued TMMI shares, and is trying to blame it on their own custodian, for publicly dumping the trash. We hope the FBI arrests the TMMI executives who hired that cleaning crew, for the crimes they committed against the company and its shareholders!
TryDeaf will never be used or sold by TMMI to anyone. TryDeaf was "OBSOLETE" 20 years ago, do you understand? And, it never worked, although TMMI has been pretending to work on it for more than 10 years, while they kept selling new shares. Now, TMMI is pretending to try to pay some outside 'company' to try to make it work. Very unlikely. But even if it worked tomorrow, it would still be 10 years obsolete.
We hope the FBI stops TMMI's illegal share issuance. After watching that video about the DTC we think there is a major dilution crime ring going on with dozens if not hundreds of OTC and Pink Sheet stocks. Numerous crooks could possibly go to jail over what is happening!
TMMI Longs are caught MASSIVELY! imo
No chance of recovering anything.... NONE! imo
TruDuf is REALLY a screen-shot copier!
Longs have made a mistake with TMMI, plain and simple. imo
Shorts are going to make a LOT of MONEY from TMMI! imo
Spread is creeping down!
az; it's not "if that CEO ever converts those preferreds" ,,,
it's 'when' he converts.
And, until they are all converted,
and fully disclosed as floating + diluting shares,
all valuations of outsider shareholder equity,
are overstated by 500% .
But, we shorters don't mind the confusion.
To us, it's a free 5x paid-up insurance policy.
While longs keep overpaying by 5x, as they
continue to not notice that very well hidden,
5x 'Fully Diluted' fact.
For most real companies, 'Fully Diluted' is
usually 2-10% more shares. I've never heard of
anything close to 400% more hidden shares.
And, it is our top fact, justifying the short of SWVC.
And, the 500% overstatement could go up to 5000% ,
anytime that the only1 voter votes, like he did last year,
and now he owns 80% of all votes, no matter how much more
dilution occurs, due to toxic conversions, or
new-share printings, or whatever else he creates.
Who knows if it's legal. But, no longs seem to care.
And, it's better than sliced cake, for us shorters.
crash is more than 100% correct...
SWVC has an already-built-in 5x Dilution,
thanks to the only1 CEO inventing "Preferreds" ,
and approving them, in a Landslide 1-to-Zero vote,
because only1 vote is allowed, or needed.
And now, he owns All of the "Preferreds" ,
which are very Unusual, or worse.
NO MATTER HOW MUCH SWVC IS EVER DILUTED,
by toxic 'conversions' , or new-share dumping,
or anything else that SWVC creatively invents,
the CEO's personal stash of "Preferreds" can
DILUTE THE FLOAT BY 5X, OVERNIGHT, ANY NIGHT.
All he has to do is vote, all by himself,
because no other shareholders ever get to vote,
on anything, ever.
It is amazing that any long would buy + hold + buy more
'shares' of a 'stock' that has already approved overnight
super-massive-instantaneous-dilution, causing an overnight
80+% crash in price, anytime the CEO decides to move-on-up,
and Out, of the East Side. And, the 'decision' may not even
be his. Just ask any of the 50+% who have ever had a Judge
decide their Divorce Settlement, including liquidations.
Rip-off Tin TiMMI needs a longer nap.
To dream about flipping his flippin' screen shots,
like the first + oldest 'moving pictures' ,
that they had in the highest-tech arcades, 50 years ago,
when alGore was still in diapers, like today.
You put in a penny, and peep in, and turn the crank,
which was always on the right side, in the good ole days,
before political correctness was invented.
After the light bulb flickered on, the fake movie almost
seemed real, if you cranked real fast, or, if you were really
cranked up, and just stared at the screen shot, for 20 years.
It's hard to believe, but Rip Van TiMMI's time-warped
friends really have been pumping + re-cranking their
screen-shot-only TiMMI Twister machine, for 20 years.
And, they are not even pretending to try to improve it.
Although, they occasionally mumble about trying to pay
some other company, that pretends to know how to do the
"Screen-Shot-Shuffle" , which they forgot to patent,
and now it is way too late. But, that's OK. Because it
never worked anyway, and never caught on.
Probably due to severe competition [20+ years ago]
from "The Monster Mash", and "Do The Mashed Potatoes",
and "The Soupy Shuffle" .
Mostly/only us old timers remember those good ole
low tech days, before alGore invented the internet.
And, we're now old enough to have forgotten half of it,
and the Rest is Fading Faster, every day, like TiMMI.
Now I've forgotten what I thought that I was talking about.
Or, even if I was talking. Or just flipping those flippin'
screen shots again. Gotta break that useless hobbit habit.
Anyway, since we were discussing resting + fading fast,
it's time for our naps. Please wake me + TiMMI in 20 years.
P.S. to J.S.
The above post makes a several On-Topic points,
backed up by facts about TiMMI's 'business plan' ,
and 20+ year history of pump&dump, Only, with
No Sales, ever, except New Shares, including Fakes.
Some humor [imo] was added, to keep some of us
older timers awake, while TiMMI sleeps + pumps.
What say you ?
extra, Seriously
This is still trading about 2 Million shares per month!
At an average of $0.05 per share, that's $100,000 per month ,
which is over $1,000,000 per year. Still. After 5 years.
And, with an average annual production of 2 ounces of gold
per year. But, most of that production was in the last year.
Which is good. They must be growing. Fast.
Probably half of znew share trading cash goes to pearl,
[about $10,000 per week], as znewest shares float in,
and, maybe she shares half of that with a few of her
remaining barely-still-trusted friends, who all get to wear
executive hats, while printing and dumping znew shares.
Which is not bad, for a part-time job,
and more than enough for pearl to live well,
if she stays home, and cuts down on foreign travel.
The big question is, who keeps buying znew shares ?
No posters or pumpers even admit to buying any new shares.
And, the old longs can't have many shares left to sell,
after last year's Reverse-Splits of 1-for-500 , and
1-for-20 . Or, 1-for-10,000 combined. So, the big-believers,
who amassed a fortune of 100,000,000 paims by last June,
now have 10,000 znxts, with a total worth of $500 , briefly.
It is even hard to believe that there are 1,000 pearl-ites
would/could waste as much as $100 per month on this.
And harder to believe that the 100 best pearl-ests
even have $1,000 per month to keep wasting on this.
Or, that any pearl-fan ever even has $1,000 in cash,
since they tightened up the sub-prime loan requirements.
Conclusions : Seems like a hole lot o' fake tradin' goin' on,
or, there is more than 1 sucker born every minute, nowadays.
extra, Cheers
TS + the SWVC team have the resumes to convince me,,,
that SWVC is the perfect short.
All ex-employees of other companies that taught them
how to sell stock in other companies.
And, one of them wised up, and 'financed' his own company,
and sold it, for [all?] cash, into a now-public shell.
And now, everyone can buy some, or short some.
If I were ever long in any pink or penny,
I would prefer that the CEO be Forrest Gump,
or someone with his resume, in the 1 area that counts.
And imagine, SWVC is not an empty shell now ...
And, that's excellent news, for us shorters.
Because, now, SWVC is loaded up, and still overloading with :
Huge debt, mostly as toxic CDs,
Some converting + diluting now, just after SWVC bought in,
And, the CEO [the only1 who knows] won't say when it ends.
A money-losing mini-chain of shops in a depressed mini-region.
Planned acquisitions of more always-money-losing 'companies',
One of which with a probable huge hazardous-waste expense,
Even if it never 'resumes operations' , if it ever operated,
And, probably with more 'hidden' toxies, like the last one.
Need for much more toxic debt, quick, as cash drains, fast.
And each additional dose of toxin will be more toxic,
Just like sub-prime 3rd mortgages on trailers of unemployeds.
And, only1 guy owns All Massively Dilutive "Preferreds" ,
Which can dilute the float by 5x, no matter how big it gets.
And, it only takes 1 vote, overnight, by the only1 voter.
And, no outside shareholder ever votes, on anything, ever.
And, the U.S. may be going into a retail + bank recession.
It is hard to imagine a more perfect storm for shorters.
And, we all agree that ":) history repeats itself :)" ,
And, SWVC will lose money faster than any "empty shell now" ,
And, just a little "Patience pays" for obvious short plays.
Go SWVC. Even overnight.
SWVC is so toxic, it even glows.
And, the CEO plans more, ASAP + AMAP, forever, or ALAP,
or until even the subbest-prime new toxic loans dry up.
P.S. Don't forget to check on, who gets the cleaned up cash
on each acquisition, that recycles SWVC new toxic loans.
And, don't be surprised if the toxic loans + acquisition
plans end, right after the last, always-money-losing, private,
friendly, company cashes out, and joins the SWVC public
family, for all cash, donated by the public outsiders.
Absolutely anything can be shorted. And 2-5% of all,,,
trading stock value, in the world, is shorted,
at the close of every day, while 95-98% is held long,
and that is Not counting any 'Naked' shorts, or any
M&M + Broker temporary/market-balancing shorts [1-3 days].
And, that's not even counting stock options + futures,
which even small players can trade, long or short,
even in the U.S.A. , in tiny trading accounts, that
have less value than a back-yard lap pool.
The entire $Trills Hedge Fund Industry is based on shorting.
And, the Hedgies have many Brokers. And, they are almost
everywhere. And, many are even 'owned' by U.S. Brokerages.
So, they are safe, and insured, and online + cell phone
accessible, 24/7, as the world trades, 24/7 .
And, many are in very nice places, that are fun to visit.
And, those Brokers love retail clients, who can meet their
minimum requirements, which are surprisingly low, for some.
Inconveniently, some require 1 or 2 business visits per year.
And, those local Brokers always know the best restaurants,
and hotels, and safe fun spots, and 'contacts' , etc. And,
they don't 'share' this info with Cruise Boat Tour Guides.
And, some even think that the frequently required business
trips could be partially deductible, against reported gains,
if there are any gains reported.
At the latest count, there are at least 3 Million
individuals who are "Millionaires" , just in the U. S. of A.
And, half of them a worth more than $8 Million,
and growing fast, every day. Except for unvesturs who
keep trying to get lucky , in between losing 90+% per year,
in 90+% of all pinks + pennys + money-losing quasi-shells.
We all agree that Mr Bishop knows a lot about what he knows
about, or, if it can be found on the internet. But, for most
of the best + useful things in life, you just had to be there.
Or visit, a few times per year, like a part-time job.
20 Million more SWVC dilution in 1 week! That's over 2%...
When that 2+% is compounded for 52 weeks,
That's 3x dilution. So, SWVC is way more dilutive
than even the average pink, or penny, or sub-penny.
The longs, of course, will just keep saying that
"it's good" + "it's almost over" , but it isn't.
And, the CEO won't even say how many of the old toxins
are still waiting to flush out. Even though he knows,
up to the second. Because he signs them. And tells the
T/A to print them. But, she must be so busy printing,
that she keeps forgetting to add the new floaters,
to the quickly growing barge of older tied-on life-rafts.
But, the biggest + best is yet to come. As the 4 newest
toxic 'deals' start converting, for many more years to come,
or less, if the barge sinks due to overloading.
And, if that new toxic cash is quickly dumped, into 'planned'
acquisitions of even faster, always-money-losing 'companies' ,
that are 'friendly' to the CEO + Insiders, SWVC will have
to go back to the 'dealers' , for more toxic fixes, at an
ever increasing rate. And, the price of toxies always rises,
the more you already are hooked in, and, the faster you need
a quick fix.
It's like trying to get a Third Mortgage, on a Trailer,
that's rolling down an endless hill, that keeps getting
steeper, until it drops off vertically, down to the moon.
Just for fun, maybe a long will do some real DD, and ask
a sub-prime bank, for the rates on a third mortgage, on a
[downwardly] mobile home, if the owner can't ever make any
money, and never did, but spends more every week, to barely
survive, and keeps buying pets, that eat like pigs, and
destroy all assets, like untrained dogs, and can't use a
catbox to contain their toxic outfalls.
Not a pretty picture. But, very much like the previously
posted photo of the bio-toxic tank-farm, that's on the top
of the CEO's 'planned' shopping list.
We all can hardly wait for the CEO to tell us, after he
spends his 4 new loads of toxic cash, and votes, all by
himself, to absorb another assetless, cash-drainer.
But, don't count on him telling the names of the guys,
who will be paid off, in full, with the toxic cash,
which is de-toxified as soon as they dump their old
privately-held company, with all of its physical and
financial toxic 'assets' . Just like last time.
Guess who got the cleaned cash, from the last sale, of
toxic stuff? And, guess who voted for it, in a 1-to-zero
landslide? And, guess who will be pretending to de-toxify
it, by adding more increasingly toxic 'financing deals' ,
until it must be exported to the moon, to save the Earth?
Those who do real DD, specifically applicable to SWVC,
[and not just, "retail stores got lucky last month"],
will be the first to know, as they track the flow, and
watch the new + toxic cash go, over the laundry, and
through the bakery, and rise again, as fresh + cleaned dough.
Actually, the only1 voter will be the first to know. But,
we shorters will be along, shortly, following the money trail.
Because, that's how we make money. The old-fashioned way.
We earn it. And keep it, by never going along with the longs,
who keep buying + holding + buying more pink pennys, and
hoping that the end of dilution is just around the 'corner' ,
which is actually a spiral, 90+% of the time [for all pinks
and/or pennys] descending at 90+% , every year, until BK.
If 'trading' pinks + pennys, of always-money-losing companies,
is like gambling in Vegas, then, the outside shareholders are
the big spenders, while the owners of the casino, who never
lose, because their 'take' is 90+% , are the M&Ms + Brokers +
Shorters + Lucky/Insider Flippers, and, the Rotating/Bouncing
CEOs. They're like the only1 marbles, in Roulette Wheels. It
only stops for a little while, and makes money, fast, and
then moves on. And the old customers leave, usually broke.
But, new customers keep arriving, thanks to PR info-mercials,
and the longs who keep repeating them.
Unfortunately, the PinkPenny Casino keeps 90+% of all bets.
While fully-regulated Lotteries 'only' keep 50%, and Horse
Race Tracks keep 18-23%, and Honest Sports Bookies try for
a sure 10% [by off-setting their risk to Zero], and Vegas
Slot Machines can Not keep more than 5%.
But, in the long run, they are all losing bets. And the
betters are simply deciding among a selection of progressively
worse games, depending how much fun + convenience it provides.
Whereas, shorters only bet with the house, and the PinkPenny
Casino has the best + fastest winning odds. Those odds are
illegal everywhere in the world, even in MafiaLand. And, even
us shorters find fun + convenience in PinkPennyLand.
And, amazingly huge + quick + almost risk-free profits.
Some of which we conveniently unvest in Vegas, or The Track,
while having much more fun than clicking computer keys, and
meeting new friends, face-to-face [usually], and getting
not-really-free drinks + meals + shows + hotel rooms, etc.,
with our extra free time, due to early retirement.
By shortly profiting in PinkPennyLand, instead of
longing endlessly + looking for another second job.
But, without longs, there could be no shorts + M&Ms + Brokers
+ PinkPenny CEOs + their Insider friends. Because we are all
playing a Zero-Sum game, where all losses turn into gains,
as the money flows through PinkPennyLand.
By the way, the Real + Regulated Stock Market, is Not a
Zero-Sum Game. It actually creates Real + New Cash, as
Real + Profitable Companies grow more profitable. Since
the S&P 500 was 'invented' , ~80 years ago, it has grown,
at a compound annual rate of 8+% + Real Cash Dividends of
~2% , including 'The Great Depression' , and all subsequent
but temporary dips. Dippity Due Dough.
SWVC overpaid for its new shell, because,,,
a Tax-Loss-Carry-Forward has Zero value if it's not used
BEFORE It Expires. And, especially for a company like SWVC,
that is already generating more tax-losses than it will ever
be able to use, due to its increasingly expanding
money-losing operations, and their 'planned' acquisitions of
even more companies that lose even more cash, every year.
Especially if SWVC buys that bio-hazard tank-farm 'company'.
The environmental clean-up of years of [still?] leaking fuel,
will be siphoning cash out of SWVC for many years. [Maybe it
could be converted into a still, if it's not in a dry state.
And, we know it's not dry, because it is still leaking.]
However, SWVC'S rapidly growing Tax-Loss-Carry-Forward will
exponentially add to the 'value' of SWVC's shell, if they
could quickly sell it to an actually profitable company, that
could use it, before the tax credits expire, worthlessly.
At this point, SWVC's only profit-center, and only asset
that is sure to increase in value, faster every year, is its
mushrooming Tax-Loss-Carry-Forward. Eventually, the oldest
year of the Carry-Forward will expire, worthlessly, but it
will be more-than-offset by the addition of the newest year
of Tax-Loss Credits, which should always/probably be
at a new all-time-high.
Of course, it's all worthless, if SWVC can't sell the shell.
Which is probable, if it is stuck in an ever-expanding swamp
of toxic financing debt. Like it was, when SWVC overpaid to
buy it, very recently.
It's too bad that SWVC's legal team, and very experienced
CEO, forgot to look for that 'hidden' problem, and forgot
to tell any outside shareholders, until way after the CEO
'found' it, which was, coincidentally, right after some
really very experienced outside shareholders un-earthed it,
and started posting about that not-still-hidden fact.
And, SWVC still won't tell any outsiders Exactly How Much
of the Old Toxic Financing is left to leak. And, it's not
illegal to tell the remaining size of the dilutive quicksand
pool. And, the CEO could even provide a daily update, if
he wanted to, and cared about outside shareholders. Because,
he is the only1 who signs off on the toxic conversions. So,
he, and only he, knows the exact amount, ever second.
And, he also knows how much New Toxic Financing he has added,
since he bought the pre-toxified shell, [using new cash from
outsider buyers, who are even still buying], because
Only The CEO can sign-up for more New Toxic Financing, but
only after he votes for it, even though no other outside
shareholders get to vote against it, or anything, ever.
But, we all understand that the CEO is very busy these days,
'planning' the investments of the new toxic funds, and the
extra cash floating in from new + old longs. So, reporting
facts to outsider shareholders, or waiting for their less-than
20% vote, would just be a waste of valuable CEO time, and
increase the outflow of cash. And lead to an even faster
increase in the demand for more toxic financing.
By the way, just like sub-prime second, and third mortgages,
the more toxic financing a company has, the more expensive,
is the next toxic loan. Especially, if they need it quick,
at any cost, to fix a problem, until the next fix rushes in.
I wonder what other significant facts about SWVC are still
hidden, and when they will leak out.
We shorters seem to care more about these still-hidden facts,
and waste less time reading + repeating + expanding upon
company PR info-mercials. Although, we do scan them, for
hints that sometimes leak in, and are not edited out, in the
rush to fix ongoing/growing problems, that are about to
leak out, and out of control, like the old toxic conversions.
GLTA, and we all agree, in our dream that SWVC survives.
The only question is, will it be via Reverse Splits, or
Forwards Splits, depending on which way the cash flows,
and if it grows into a river, or dries up in a sinkhole.
Now back to reality...
The 'fully diluted' SWVC share count will never be
below 5 Billion IMO, and we shorters know, for sure, that
Only 'Fully Diluted' Ever Counts. All other share-counts
are info-mercials, to get old longs to buy more.
Because the 'undiluted' is already 1 Billion, and
the "Preferreds" , which are ALL owned by only1 guy,
because he 'voted' for them, all by his/her/itself, overnight,
and no other Common shareholder ever gets to vote,
on anything, including 'acquisitions' of private 'companies' .
[ The "creative Preferreds" can be 'converted', to 'common' ,
anytime, even overnight. And, if it was last night, there
would be 5 Billion tradable SWVC's today. We shorters keep
track of 'fully diluted share count' , while pinks + pennys
are always 'late' in reporting all meaningful facts. ]
And, we all know who was paid cash, on the last SWVC
'acquisition' , for all cash, of a privately-held 'company' ,
that always loses cash. Because, we know who used to own it,
before it was 'bought' for new SWVC cash, 'borrowed' via
4 brand new toxic 'financiers' . While old longs were
cheering about the end of the old toxies.
Which are still being dumped, including this week.
This perfect short is really not too obscure, to shorters.
But, invisible to those who think that DD = Believe PR's ,
and/or only those who repeat/expand them.
Those tricky "Preferreds" are worse than any toxies
that we have ever seen. And, only1 guy voted for them.
And, he got All of them. And, no other Common shareholders
were even asked their opinion, and none of them voted.
And, they never voted on anything, and never will.
Because the only1 "Preferred" guy owns 80% of the votes.
So, why waste postage on proxies. And, after he 'converts' ,
and Sells a few, down to 51% of all 'votes' , he can just
'vote' again, overnight, and double the 'voting power'
of the only1 holder of any and all "Preferreds" .
The last 'acquisition' that SWVC common shareholders
'decided' to buy, without voting, using their newest cash,
+ 4 brand new toxic loan-shark 'deals' , sent the new cash
directly to uNOwho. And now, he may 'acquire' a few more
always-money-losing privately-held 'companies' , for new cash.
Try to see where the new SWVC cash goes, after the old,
privately-held, always-money-losing 'companies' , are
'acquired' , along with their 'hidden' debts, and other
liabilities, and toxies, and pending law suits, and Govt
requirements to clean-back-to-green.
If SWVC acquires that leaky, no-maintenance, bio-tank farm,
we shorters will buy drinks for all sides.
Let's see what the only1 'decides' ,
after the only1 vote is counted.
Thanks again, for supporting SWVC's survival.
We are all in favor of that, even if only1 ever votes.
SWVC financials = "cost of revenues always higher than
the revs and that's before operating expenses"
[ And, those facts were actually reported by SWVC,
as pointed out by JB, who knows more about SWVC than me,
and he tells all, for all to see. Unlike TS + the SWVC
lawyers, who overlook the most important 'hidden' clauses,
in contracts that they sign. And then, admit that they
overlooked something, way after it's too late, and only
after JB discovers + reports the facts. ]
Which means, everything that SWVC owns, loses money, which
must be replaced by CEO-controlled massive dilution, and/or
CEO-sign-ups for more toxic 'financing' than ever, which leads
to outsider-loan-shark-controlled super-massive dilution.
And now,
the SWVC CEO 'plans' to use the newest toxic loan bucks
to 'acquire' even more privately-held 'companies' ,
that also have always lost money.
Guess who pays new cash for these 'plans' + 'acquisitions' ?
And, guess who personally banks the new cash,
as privately-held 'companies' are bought, using
SWVC-shareholder old+new cash?
And, why does the CEO own All of the 'Preferreds' ,
that can dilute all other SWVC shareholders by 500% ,
anytime, including overnight, as soon as he votes,
and he is the only1 who ever votes, on anything.
The SWVC-outside-shareholder future does not look profitable,
for any of them, except us shorters, and a few lucky flippers,
who often/somehow read 'All The News That's Fit To Postpone' ,
before it's too late, and reported by the expert DD of JB.
SWVC is due for about 18 months of pump&dump, which is
great for us peak-20% shorters, and the looks-like-insider
flippers, and, the insiders who eventually report/admit to
the too-late-breaking News, after JB posts the facts.
SWVC will drift down to $0.0009 within 18 months, and then
Reverse-Split, like 95+% of all pink pennys. Some will profit,
while 95+% will continue to believe + repeat SWVC PR's and
info-mercials.
But we all want SWVC to continue trading, and not go BK,
no matter how many Reverse-Splits are required, and they will
never end, until longs quit buying newly Reversed shares.
These opportunities only/usually last for 1-3 years, and
they are often 'discovered' by only1, or a few others,
who somehow get advice from trusted mentors.
We all can trust their advice, and act accordingly,
depending on the balance in our Margin Accounts.
GLTA, and thanks for supporting the survival of SWVC.
Dr.G; The 4 new SWVC CD's turn toxic at 0.005 ,,,
and we're almost there already, and the ink is hardly dry.
Some of us have lawyer friends, who actually read,
and understand, ALL of the fine print.
Others just read + believe + repeat + expand upon PR's ,
which everyone knows are just 1-sided info-mercials.
But, we're all interested, and learning,
and some of us are even making new money,
while others keep buying the newest shares.
Ace; as SWVC sinks to its actual worth,,,
some people are actually making money.
That group includes a few lucky flippers ,
[who may be, or know, insiders, or their friends/families] ,
and, almost all shorters ,
[who are probably/mostly M&M's + Brokers + Hedge Funds] ,
[and a few others, who may be insiders, or outsiders] ,
and, the CEO, of course, who gets paid, + raises + bonuses,
+ votes himself "Preferreds" , until he fires himself,
or the longs quit buying + holding + buying more shares.
There is certainly more than enough factual info available,
to know which way is up.
GLTA. And, we all agree,
that we all want SWVC to survive,
as long as possible.
SWVC's "legacy/Cornell debt is" tiny,,,
compared to the 4 brand new toxic CD loans,
that the CEO just signed into,
from an even more toxic loan arranger.
And, it looks like he plans to use the new cash
to buy some more always-money-losing private 'companies'.
I wonder if any of the purchase money for the newest deals
goes directly to the guy who collected on the last deal.
The SWVC longs really should check into the 'motivation'
behind the grand borrowing + acquisition plans
of whoever is making all of these decisions,
using brand new SWVC shareholder cash.
And, how come they never get to vote against these rather
important, company-shattering, toxic 'deals' .
Maybe it has something to do with the "Preferreds" ,
which are all owned by only1 guy, who was the only1
who voted for them, and 'approved' them. And now, any day he
chooses, he can own 80% of all SWVC floating shares.
Very creative, but not too nice, and totally unnecessary,
if the real 'plan' was/is to increase Outsider shareholder
value. Not too likely, when the only1 Insider decides
everything, with only1 vote. And, can dilute the common
float by 5-to-1, overnight, with only1 vote. And then,
own 80% of all floating shares. And then, vote again,
to 'award' more toxic "Preferreds" to the same only1 guy,
or his wife, or anyone else who plays 'lets make a deal'.
So far, the 'plan' is working, as long as longs keep
buying + holding + buying more of the newest SWVC shares.
And, how did the CEO, and his lawyers, all miss that old
toxic 'hidden' debt. And then admit to their 'oversight' ,
after signing into 4 more new toxies, all bigger than the
old 'oversighter' .
SWVC is very interesting, and educational, and creative,
and teaming with bait for shorters.
If SWVC owns GS, or is about to buy it,
they had better check the recently posted photos,
and visit the site. It looks like a poorly 'designed' ,
and rarely maintained, and totally abandoned tank farm.
And, SWVC should quickly hire GS, before merging with them,
if, as you said, and I quote :
" That is okay. I think GS has a business for toxic clean up also. "
The cost to the new buyer of a toxic site is almost always
prohibitive, even if the cost is only1 free share of SWVC.
Above ground tanks leak sooner than underground tanks,,,
especially in bad climates, with frequent freezing
and thawing, and rusting and flaking, especially at
the semi-welded seams and jury-rigged fittings.
But, the expensive part of clean-up of toxic fuel spills
is cleaning the contaminated dirt. And, you can't just
pump&dump it, like toxic stock. You must pay, big bucks,
to have it hauled, in approved and frequently inspected,
leak-free, sealed container trucks, by licensed drivers.
And, pay more big bucks to deliver the contaminated dirt
to a hazardous waste cleaning facility.
And, as you remove the contaminated dirt, you must pay a
licensed soil engineer, to take measurements, and tell you
that you must remove more dirt, until you reach uncontaminated
dirt. And, the more measurements he takes, the more he
charges. So, he always does a perfect job of detecting the
last drop of contamination. Kinda like termite inspectors.
They always find some, even if they 'accidentally' bring them
along from their previous job site.
You may have noticed that The U.S. has been very slow in
selling off the land from recently closed DoD Military Bases.
And, they probably never will. Because if costs many times
more to clean up the jet-fuel spills [and other/worse stuff],
than they will ever get back from selling the land. Remember
the 'Love Canal' spill, from the 1980's. It's still vacant
land. And, no one is even trying to clean it up anymore.
It's not worth it. So, it's worthless. But, a privately
owned, contaminated, and still leaking, never-profitable,
bio-diesel rusty old tank farm, is worth way less than zero.
Because the Green police can require the clean-up, at any
cost, to the new owner, if the old owner dumps it in time.
Maybe that's why the old owner is trying to sell it. It's
not even worth giving away, once the Green police find out
where it is 'hidden'. They would probably be 'interested'
in seeing those 'pictures' of the rusted tank/leak farm.
SWVC gets more interesting + educational every day,
including weekends, when it can't even trade.
Within 18 months, SWVC may be having a run of very long
weekends, followed by a permanent vacation.
But, what do we know. We could be all wrong about what we
see as fatal flaws, 'hidden' under ever rock that flips out.
We thought we were wrong about one of our recently predicted
pink penny plungers, but, as it turned out, we were misteaken.
Zero, and the shorter pays no commission to cover,,,
because he can't, and there is no need, and his Broker
releases his collateral, along with his profit.
Also, some shorters cover early, like half-way down.
Just to release their collateral [and half the profits],
and then short twice as many shares, with the same collateral.
And then, after another half, they do it again.
It works great for pinks, that always keep dropping,
90+% per year, with Reverse Splits, as necessary,
until BK and/or delisting. The only problem is 'suspension'
of trading. Then, the collateral is tied up, until the
shorter [with help from his Broker] can locate shares to
buy, privately, to cover the short position.
Otherwise, he just waits. And, covers after trading resumes.
When SWVC buys GS AgriFuels ,,,
the 'change in ownership' will alert the 'authorities' ,
and their Green police men, and the toxic site will have
to be cleaned out, before 'operations' can resume.
[ Assuming there ever were any 'operations'. After all,
their Finanshills are NOT Audited. Just guess why Not? ]
It costs a lot of new cash to clean out a toxic tank farm.
Ask anyone who ever owned a gas station in California.
Even the smallest, with 2 tanks, on 1/4 acre, costs over
$300,000 to clean out. And, they even have to clean the
dirt, around + under the storage tanks, and gas pumps.
Just imagine the mess under a bio-fuel processing plant.
And, guess who is a part-owner of that toxic tank farm,
who will be paid off, in cash, from new long SWVC
sharebuyers? And, guess who will pay to clean it all up,
even if it never 'resumes operations'? But, it may be just
as well, because 'operations' were never profitable, anyway.
But, all of this is JIO[AC]O, according to our DD,
which ignores all 'company PR's ' , except to use them
as a source for leads to real + verifiable info.
SWVC is an amazing 'company' , especially for those who
don't only read + repeat + inflate 'company info' .
So far, the only useful real info in the SWVC PR's ,
is the 'timed-release-capsules' of bad news, way after it's
too late to fix, and way after it was 'discovered' that the
old 'hidden' toxic financing was still leaking, and still is.
And, when that quits leaking, there are 4 more, brand new,
toxic CD's, all signed+delivered, but not sealed.
And, worst of all, are those 'creative Preferreds' , and only1
clever guy owns All of them, because he voted for them,
without asking for any other votes. Because, there will
never be any need. They alone are 80% of SWVC. So,
if there were 1 Billion shares of SWVC yesterday, there
could be 4 Billion more, anyday. And, if he uses 1 Billion,
and wants to replace them, to make sure he always 'owns'
more than 50% of SWVC, he can just vote again, any day,
all by himself.
But, SWVC is sure to be profitable, for a while.
But, only for lucky flippers [who may be, or know, insiders],
and almost all of the few shorters, [and the CEO, of course].
And, SWVC is certainly interesting, and educational,
and well worth the time for all, and cost for some,
if they study the facts, even if they fail the final
profitability test. After the pink paper is long gone.
" those with cash aren't gobbling this up " , because,
if they unvested long in SWVC, or any other, pink, they would
soon have no cash. Because, 90+% of pinks + pennys lose 90+%
of their pink penny paper "value" every year. And, since they
deliberately ignore SEC Minimum Requirements, the SEC does
not waste any time trying to protect Any pink unvesturs,
except, to Constantly Warn, On The SEC Website,
To Never Unvest A Penny In Any Pink, That Deliberately
Continues To Evade All Absolute Minimum SEC Requirements.
And, No Pink Penny Stock has every succeeded in becoming
a successful + profitable, Real S&P 500 Company. Although,
most pink penny unvesturs think that MicroSoft + WalMart
once sold for less than 1 penny, which is totally untrue.
They got there by Forward Splitting, and never traded
under $1. SWVC will never be over $1 , although it will
split, the Wrong way. We expect a Reverse Split within
18 months, as the 4 brand new toxic CD's start cashing in.
The trap-door trigger point is $0.005 , which is not too
far below 0.008 , which was already "achieved" , last week.
[ You longs really ought to 'invest' in a lawyer,
who knows how to read the fine print that is "hidden"
in those 4 brand new toxic CD paper shredders. ]
And, SWVC is even still being diluted by a toxic CD that was
"hidden" in the old shell. Why did the clever CEO buy a
dirty shell, which has already cost the retail
shareholders at least 5 times the price to start a
brand new clean shell? Answer: Time is Money.
And, why did he sign-up for 4 more new toxic CD's?
Without any shareholders voting. And, when he 'needs' more,
he knows right where to shop for them, overnight, with no votes.
He needed to get the public shell shareholders, and
new buyers, to Quickly buy a private , always-money-losing
"company" , for cash, which went directly + quickly to the
previous owners of that old company. Guess who they were?
And, he's about to "buy" some more, always-money-losing,
private companies, with the new cash, that is being
cheerfully donated by SWVC longs, who keep buying newer
shares, and holding, and buying more.
The worst part is, the CEO "created" some tricky "Preferred"
shares, that Only He Owns, and He Owns All of them. And,
guess what they can do, anytime? Overnight. With no retail
shareholder votes. [Actually, common pink SWVC shareholders
never get to vote on anything, ever, anyway.] Here it is.
The "Preferreds" are Always Convertible to 80% ownership
of All Common shares, leaving All Common shareholders
"owning" Only 20% of SWVC, overnight, Any night. That's
even worse than any toxic CD, that we have ever seen.
Very Clever, InDeed. And, in black&white, signed&sealed.
Also, chunky seems to be impressed with :
" Market Cap under 8 million dollars!!! " . So are we.
Why so much? SWVC has a huge debt, that massively exceeds
its "assets" , which are "worth" less than 10 cents on
the dollar, when they are forced to liquidate. SWVC rents
all of their floor space. And, their fixtures + inventory,
and used furniture + whatever equipment, are nearly worthless
during liquidation. The only thing left, according to real
accountants, is 'goodwill' , which, in SWVC's case is less
than zero, because it has never been profitable, and never
will be. And, every company that SWVC has ever bought,
or 'invested in' , or is 'planning' to buy, has never been
profitable, and probably loses more cash, every year. That's
why they never file Audited Finanshills, as Required,
by the SEC.
And, SWVC's shops are all concentrated in a small, depressed,
worst-climate, cut-off-corner of far-northern New York State,
where no one moves in, and most are trying to move out.
And, the U.S. is possibly entering a multi-year recession.
And, money-losing pinks don't even survive for multi-years,
in the best of times, anytime.
But, if SWVC gets lucky, and there is no recession, and
global warming causes everyone to move from Florida and
California to the newest hot-spot, in the coolest part of
northern NY State, and business booms, and SWVC approaches
profitability; guess what will happen, overnight?
While no one is watching, except WalMart + K-Mart + Target.
And, they won't 'Buy-Out' SWVC, because their rented shops
are way to old, and small, and in congested areas, with
inadequate parking, away from the nice new shopping malls,
in the suburbs, where the new + much richer immigrants
will be building their new McMansions.
P.S. ; The "Hackets" name has no value in the Real Retail
Shopping world. It just gives us visions of 'Hackers' ,
or 'Hatchet Jobs' , or worse. "WiseBuys" is actually a much
better name, for a retail chain, that 'plans' to make a
profit, and expand to new locations.
So there's our analysis of the wiseCEO. Although, his
short-term 'plans' are working just fine. The retail SWVC
common share shoppers just paid cash for his mini-chain
of always-money-losing shops. And, who really knows who
owns pieces of the 'planned' future 'acquisitions' of more
money-losing private companies. Except, we do know who owns
part of that bio-diesel toxically-financed, hazardous waste
dump, which will soon be a financially hazardous pump&dump.
P.P.S. ; Don't forget to get your lawyer to read the
"hidden" fine print in those 4 brand-new toxic CD papers.
Everylong seems too busy right now, to actually read it
themselves, or any of the many posts that have un-earthed
their toxicity. And, have your lawyer take a few more
minutes to read the funny rules of the "Preferreds" . We
suspect that he will start rotflu, and ask his secretary
to make copies, and send them to all his other partners.
Sincerely, but JIO[AC]O, as usual, of course. And, ITOOOL.
We are still investigating the most convenient Brokers to
short SWVC. Most of the best seem to be in the British-owned
parts of the Caribbean, and have large hedge-fund clients,
who can short anything, anytime, 24/7. A few of them accept
retail clients, who also have large holdings of real stocks,
that chunky calls : " those with cash " . The only 'problem'
is that the new client must personally visit his new
Caribbean Broker, to personally sign some papers, while
physically being in the jurisdiction of the Broker's country.
Hopefully, return visits to the Broker's offices won't be
required more often than once [or twice] per year. But, if
it's required, it may be deductible, as a business expense.
Bon Voyage. And, Happy Hackers Share Shopping.
When SWVC falls below 0.005 , the 4 new CD's turn toxic.
And, yesterday we hit the 0.008's .
As we approach $0.005 , short term traders will sell all,
and the price will quickly drop below $0.005 ,
and the toxic trap door, in Paragraph 3.3 of the new loan,
will swing wide open, according to our advisors.
Here it is. What do you think?
" 3. Prepayment Obligation. Notwithstanding (i) the option of the Company to prepay any portion of this Note, or (ii) the obligation of the Company to prepay the Six Month Prepayment, as set forth in Section 2 hereof, the Company shall prepay, on a monthly basis, on any date of such month during which this Note remains outstanding (such date referred to herein as the "Periodic Prepayment Date"), an amount equal to Five Hundred Thousand Dollars ($500,000.00) (or such lesser amount that equals the remaining outstanding principal and accrued and unpaid interest under this Note), until all principal and accrued and unpaid interest under this Note has been paid, subject to the satisfaction of each of the following conditions on each Periodic Prepayment Date: "
" 3.1 The Company may immediately sell all of the Common Stock Issued at Conversion (as defined in the Debenture) pursuant to Rule 144 promulgated by the SEC (as defined in the Debenture) pursuant to the Securities Act, as such Rule may be amended from time to time, or any similar rule or regulation hereafter adopted by the SEC having substantially the same effect as such Rule; "
" 3.2 No Event of Default (as defined in the Debenture) has occurred under the Debenture; "
" 3.3 The average Volume Weighted Average Price (as defined in the Debenture) for the ten Trading Days (as defined in the Debenture) immediately preceding the Periodic Prepayment Date is NOT LESS THAN $0.005 PER SHARE (as adjusted for any stock splits, stock dividends, combinations, subdivisions, recapitalizations or the like); and "
" 3.4 The Lender shall have honored all Conversion Notices (as defined in the Debenture) submitted by the Holder (as defined in the Debenture) within the applicable time period set forth in the Debenture. "
As we read it, when SWVC hits $0.005 , the bottom drops out,
and the price crashes, until $500,000 "worth" of new shares
are sold, as fast as possible, no matter how low the price
is driven down. That's how toxic CD's work.
And Tom recently signed up for 4 of them. And, I am NOT
talking about the Wells Fargo Inventory Financing.
To us, the tip-off will be if Tom spends more SWVC cash,
to buy another private company, that he personally owns.
If so, watch out below.
We agree, and have found this source of
information to be most profitable, and
extremely well timed. That's probably the
reason for the well-earned boardmarks.
Professional shorters are very quick to
follow conduits for early warnings on p&d's.
We hear "rumors of major interest" , that,,,
TMMI has recently 'awarded' enough 'new' shares
to more than double their current float, which could be
already double of the old 'report' of over 100 Million,
because 800 Million shares are already "Authorized" for
immediate dumping, any day. And, they have been "Authorized"
for years, and never rescinded, even though the TMMI friends
"say" , that the 800 Million was never "really Authorized" .
Obviously, TMMI has no desire to reduce their "Authorizeds" ,
because TMMI could do it in 1 day, IF TMMI EVER TRIED.
But, their 'friends' can't start selling any of their newest
'old friends' shares, until they get the 'price' of TMMI
to stay above 0.10 for at least a week.
[ Probably, as TMMI dumps new shares, again, as usual. ]
[ Since TMMI deliberately never reports anything, and
violates all SEC rules, no one will ever know, for sure. ]
[ Or, until it is way too late for new 'share' buyers. ]
The long-term 'old friends' almost made it last week,
but their obvious plan was exposed. And now, they are
trying again, even harder than ever,
before their rumored 'deal' expires.
Expect TMMI's 'friends' to try to make another run for 0.01
within 1-4 weeks, and then watch TMMI crash below 0.002 ,
as the 'old friends' dump their newest 'awards' .
Shorters have even posted their upcoming plans.
And, shorters of pinks usually win, within 1 month.
This should be interesting. Let's see what unfolds.
There is clearly something terribly wrong with TMMI,
because, SOME MAJOR BROKERS WILL NOT ALLOW BUYS,
OR EVEN SELLS OF TMMI. And, they are telling their
clients to take their TMMI Certufficants elsewhere.